The co-founders are two automotive entrepreneurs, Chairman and CEO Ziyu Shen and Eric Li (Li Shufu), who is also the founder and chairman of Zhejiang Geely Holding Group (Geely), one of the largest automotive groups in the world that holds ownership interest and investment in international brands such as Lotus, Lynk & Co, Polestar, smart and Volvo Cars.Ĭertain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. ECARX was founded in 2017 and has since grown to over 2,000 team members, with facilities in China and Europe. Over the last three years, ECARX's technology has been integrated into more than 3.2 million cars worldwide. Beyond this, ECARX is developing a full-stack automotive computing platform. ECARX's current core products include infotainment head units (IHU), digital cockpits, vehicle chip-set solutions, a core operating system and integrated software stack. It is shaping the interaction between people and cars by rapidly advancing the technology at the heart of smart mobility. ![]() For more information please visit About ECARXĮCARX is transforming vehicles into seamlessly integrated information, communications and transportation devices. From Volvo Cars and Mercedes-Benz for consumer vehicles and Daimler Trucks for commercial trucks, to tech partners NVIDIA and Intel’s Mobileye, Luminar is poised to be the first automotive technology company to enable next-generation safety and autonomous capabilities for production vehicles. For the past decade, Luminar has built an advanced hardware and software platform to enable its more than 50 industry partners, including the majority of global automotive OEMs. Luminar is a global automotive technology company ushering in a new era of vehicle safety and autonomy. “This collaboration with Luminar will help rapidly advance the scale up of both our technologies.”Įarlier this week, Luminar also announced the addition of Jackie Chen to run the expansion of Luminar’s business in China. “ECARX is developing a full-stack automotive computing platform to underpin intelligent electric vehicles capable of unsupervised highway driving, that seamlessly integrate with the user’s existing digital ecosystem,” said Ziyu Shen, CEO of ECARX. This collaboration will better position Luminar to expand deployment of our technology on a variety of production vehicle platforms in this fast-paced market where demand is rapidly growing for vehicles defined by their technical capabilities,” said Austin Russell, Founder and CEO of Luminar.īy integrating Luminar’s long-range lidar and software with ECARX’s suite of automotive intelligence products, automakers in China and beyond will have an accelerated path to deploy advanced safety technologies and driving capabilities on series production vehicles. “ECARX has earned an esteemed reputation and strong track record of success in the world’s largest auto market, China. As part of the collaboration, Luminar is making a strategic stock-based investment in ECARX. ![]() The collaboration will help Luminar to accelerate deployment of its industry-leading long-range lidar and software in the market and beyond through ECARX’s deep connection with Geely and the Geely ecosystem, comprising some of the world’s most reputable automotive brands. ![]() ![]() The partnership will further strengthen Luminar’s presence in China, the world’s largest automotive market. Luminar's Iris sensor (Photo: Business Wire)
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